Bank of America reiterated a Strong Buy rating on Apple, setting an ambitious $325 price target, driven by strong projected iPhone 17 demand and robust Services growth.
- The analyst upgrade specifically cited expected 13% Services growth and the recently announced Google Gemini AI partnership for Siri.
- The stock is trading slightly lower at $260.05 (-0.38%) in pre-market activity.
- This movement aligns with a softer overall market, with the S&P 500 down 0.38%, ahead of Apple's earnings report on January 29.